G.M. Reaches Deal to Sell Saturn to Penske - DealBook Blog - NYTimes.com
Saturn Gone. Hopefully they can restore the Brand after it was watered down by GM management who never understood it.
Focusing on current trends and ways to profit from them "There's a sucker born every minute. These are the people who believe that this time it's different. "
Friday, June 5, 2009
Drug violence spilling into Guatemala - Los Angeles Times
Drug violence spilling into Guatemala - Los Angeles Times
A little on Mexico and the drug war down there.
A little on Mexico and the drug war down there.
200 Day Moving Average | The Big Picture
200 Day Moving Average The Big Picture
Very cool technical anylsis. I would be on the bear side.
Very cool technical anylsis. I would be on the bear side.
Zero Hedge: The State Vs. Federal Schism
Zero Hedge: The State Vs. Federal Schism
I would urge you to read this whole things.
Just ugly for almost every state government.
I would urge you to read this whole things.
Just ugly for almost every state government.
Michelle Malkin » Dealergate continued: More on Chrysler and Clinton cronyism
Michelle Malkin » Dealergate continued: More on Chrysler and Clinton cronyism
Just some serious wierdness in how dealers where selected. Looks like there was some politicial dealings.
Just some serious wierdness in how dealers where selected. Looks like there was some politicial dealings.
UK Government On Brink Of Collapse
UK Government On Brink Of Collapse
Wow. More problems for Gordon Brown.
Wow. More problems for Gordon Brown.
U6 Alternative measures of labor underutilization
Table A-12. Alternative measures of labor underutilization
Ouch. In what was the largest jump in U3 we have gone to 9.4%
U6 is now at 16.4%
Just ugly numbers. If this pass held we would jump to 10% in two more months.
U6 would approach 20% in four months.
Ouch. In what was the largest jump in U3 we have gone to 9.4%
U6 is now at 16.4%
Just ugly numbers. If this pass held we would jump to 10% in two more months.
U6 would approach 20% in four months.
Thursday, June 4, 2009
FT Alphaville » Blog Archive » Make no mistake, the ‘Baltic Three’ are in the dock
FT Alphaville » Blog Archive » Make no mistake, the ‘Baltic Three’ are in the dock
Most of Eastern Europe is a house of cards, one goes, the rest will follow soon. Very bad for some European countries. (We are looking at you Spain).
Most of Eastern Europe is a house of cards, one goes, the rest will follow soon. Very bad for some European countries. (We are looking at you Spain).
REITs Love Hearing From Other REITs That All Is Good
REITs Love Hearing From Other REITs That All Is Good
Always funy stuff. CRE is a car speeding over the edge at the moment.
Always funy stuff. CRE is a car speeding over the edge at the moment.
Wednesday, June 3, 2009
Latvian bond failure begins
FT Alphaville » Blog Archive » Latvian bond failure begins
Back to Eastern Europe, where no green shots have been talked about. It looks Latvia is on the verge of collapse ala Iceland.
Back to Eastern Europe, where no green shots have been talked about. It looks Latvia is on the verge of collapse ala Iceland.
Appeals Court To Hear Chrysler Objection, Delay Bankruptcy Emergence
Appeals Court To Hear Chrysler Objection, Delay Bankruptcy Emergence
Once again things are not got so smoothly for the chrysler BK.
Once again things are not got so smoothly for the chrysler BK.
Tuesday, June 2, 2009
Editorial - Foreclosures - No End in Sight - NYTimes.com
Editorial - Foreclosures - No End in Sight - NYTimes.com
No signs of recovery in housing, just more falling.
No signs of recovery in housing, just more falling.
FDIC's Economic Analysis
FDIC's Economic Analysis
Slide 35 - forecasts unemployment 9.1% for 2009 and 9.7% for 2010.
Funy that right now we are 8.9%. Based on the last year we would be looking like this.
May (Released in June) 9.2-9.3%
June 9.4-9.5%
July 9.5-9.6%
Aug 9.7-9.9$
Sept 9.9-10.2%
Oct 10.2-10.4%
Nov 10.4-10.6%
Dec 10.6-10.8%
So I dont see how we stop at 9.7%, especial since GM just doubled the number of dealership closing to over 2000. Equals about 100,000 in Direct losses. Top that with Part suppliers, service people and others and we are looking at 250-500K in indirect losses. That would push us to 11% easily by the end of the year.
Top all of this with no discussion of CRE losses. Still way too rosy for my taste.
Monday, June 1, 2009
GM enters bankruptcy, creditors howl
Hot Air » Blog Archive » GM enters bankruptcy, creditors howl
Great read. GM will be much tougher to get out.
Great read. GM will be much tougher to get out.
Market manipulation, short-covering rallies and cyclical bulls - Credit Writedowns
Market manipulation, short-covering rallies and cyclical bulls - Credit Writedowns
I am going with number 2. No way are we out of the woods yet so that rules out number 3. As for 1 we would never know.
I am going with number 2. No way are we out of the woods yet so that rules out number 3. As for 1 we would never know.